Magne Borgund named Utopus Insights’ Chief Growth Officer

VALHALLA, New York, Sep. 22, 2020 – Utopus Insights announced the appointment of Magne Borgund as Chief Growth Officer.

We’re pleased to announce the appointment of Magne Borgund as Chief Growth Officer at Utopus Insights. Borgund, in his previous role as Interim Head of Growth, has brought about tremendous change in shaping the Growth team for success, and forging a strong business strategy with Vestas, our parent company. He will continue to report to Chandu Visweswariah, Founding President and Chief Executive Officer. 

“I am delighted by our Board of Directors’ decision, and I couldn’t imagine a better person to lead our sales and business development. Magne’s rich industry experience, combined with an open, collaborative approach to expanding on business opportunities, will help us remain a leading force in the digital analytics space for years to come,” Visweswariah said.   

Borgund described being promoted to CGO for Utopus Insights as “a true honor.” 

“The Growth team is made up of talented colleagues with broad experience in the renewable space, as well as deep software know-how. Product development within Utopus, supported by strong collaboration with our parent company, Vestas, has enabled us to take a giant leap in terms of standing out as a provider of innovative solutions for the renewable industry,” Borgund said. 

“With the renewable industry growing by 150-200+ GW per year, subsidies phased out or removed entirely across the globe, developers and owners of renewable assets are embracing technology to make use of innovative software to reduce LCOE and future-proof their business for maximum return on investments. I am proud to be part of a company that contributes to accelerating the renewable transition globally with the power of digital transformation,” he added.

Borgund joined Utopus Insights in 2019, as Vice President, Sales, in the EurAf (Europe & Africa) region.

He has a CEMS Master’s in International Management and Master of Science from the Norwegian School of Business Administration and the University of St. Gallen, Switzerland. 

Prior to joining Utopus Insights, Borgund had spent 12 years with the Norwegian energy giant, Statkraft, in roles including cross-border trader across 25+ borders in Europe, establishing and running a 24/7 desk for operations, and optimization of Statkraft’s renewable portfolio in the United Kingdom. 

About Utopus Insights

Utopus Insights, Inc. is a New York-based energy analytics provider with deep expertise in the energy industry. Headquartered in New York, with a regional office in Bengaluru, India, we deliver customized SaaS solutions that help customers gain digital awareness and asset foresights to lower costs and unlock untapped revenue. With a portfolio of 100+ issued or applied patents, we combine domain expertise with advanced data science and meteorology to offer a suite of innovative digital products. We have a highly experienced team with data science, power engineering, software development, and meteorology expertise. Our products accelerate the global transformation to a clean and reliable grid powered by renewables. Learn more at www.utopusinsights.com.

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